What we learned today, Friday 16 September
With that, we will wrap up the blog for the evening. Enjoy your weekend, whether you’re indulging in finals footy or enjoying the bounties of spring. I’ll be barracking for the Raiders and the Pies.
Here are the major developments of the day:
Interest rate changes could take up to two years to play out in full, the Reserve Bank of Australia governor, Philip Lowe, has warned, with house prices to drop by as much as 10%. Lowe said that while “wages are not driving inflation”, how salaries rise will determine how much rates will have to rise.
The Labor MP Jerome Laxale has accused the Reserve Bank of “using outdated and outmoded data” when making decisions on interest rates, claiming the central bank was ignoring renters.
Australia’s biggest renewable hydrogen project will go ahead in the Pilbara, with support from the federal and state governments.
The court has lifted suppressions that would have stymied the media’s ability to report on a landmark case launched by the tax office whistleblower Richard Boyle following an intervention by the Guardian.
And in a win for the ACT, the NSW premier, Dominic Perrottet, and ACT chief minister, Andrew Barr, are discussing ACT border expansion plans.
Updated
Meanwhile, patient Brits are continuing to queue for hours upon hours to say goodbye to the Queen.
Crowds keep pouring into Westminster Hall, with thousands of mourners shuffling for kilometres waiting for their turn to say goodbye.
— 9News Melbourne (@9NewsMelb) September 16, 2022
Among them are police officers, a former Prime Minister and ordinary Britons. @brett_mcleod #9News pic.twitter.com/sdUpBt5U7g
If you haven’t read it, this story is well worth a read on the politeness of a British queue.
